Time to panic? or to buy?

2022-01-05 / Raghee Horner

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The NASDAQ and Dow have been in chop while the S&P tries to hold onto a fresh uptrend and the XLK ETF is also holding on to it’s uptrend (I explain the importance of this in the video). The choppy market accelerated lower today on the FOMC Meeting Minutes and seasonally there is a quick pullback early in January before resuming the uptrend. Let’s take a look at why I am still bullish but why we need to decode chop with the Slow Stochastic.

Raghee Horner

Raghee Horner started trading at 17 while still in high school. She continued her pursuit of trading through college until going full-time after graduation; torn between the charts and law school, the markets won out.